Kenya: How Minority Shareholders Have Scuttled Takeover Bids At NSE

The failure of two takeover bids of Kenyan companies in July, the first of its kind, has illustrated the growing influence of minority shareholders in the running of listed companies.

Minority shareholders who have long been dancing to the tune of major shareholders, now have a voice in major decisions affecting the operations of their companies, including transfer of ownership, raising of new capital and business restructuring, thanks to new laws that give them powers and protection from dominant shareholders.

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